Question

goods sent on consignment should be debited by consignor to​

Answer 1

Answer:

sorry I have no idea about it

Answer 2

Goods sent on consignment should be debited by the consignor to Consignment A/C.​

• Items are entrusted to a third party to sell under a consignment arrangement. The party selling the items on consignment receives a piece of the profits in the form of a set fee or a commission.
• Selling things or services through a consignment agreement might be a low-commission, low-time-investment method.
• The cost of products supplied on consignment, as well as all ancillary charges such as freight, taxes, and so on, are charged to a consignment account. The number of sales recorded by the consignee, as well as the value of the unsold product, are credited to the account.